Tax regime help
Can anyone help me if salary is 20+ LPA then which could be best tax regime old or new ? Kindly suggest please
Do uou know TCS provides Tax Calculator under My Documents where you already have pre-filled your income and you get old and new tax rate columns in that excel. You can do minor modifications based on tax exemptions and deductions you are doing under old and then compare. It is mow updated for FY 25-26, pls go and check. No need to ise any online calculator.
Thanks but it's doesn't work, I have tried . Now someone called from support team they said tcs tax calculator will not working now , may be this month end or next month will work as expected. However they said from backend it's new tax regime but as I logined checked GESS under taclx manager still showing as old one. Seems it's UI dashboard issue
Don't think about it just go with new one
In old one , I can take advantage of 1.5lpa under 80c , 50k NPS and HRA claim as living in rent. May be old one would be better in this case
My suggestion: please check an online tax calculator. So just compare your current take-home under the old vs. new tax regime. You'll get the answer.
As per my knowledge, the new regime is more beneficial with a 20L salary. Even after considering your HRA, 80C, and 80D deductions under the old regime, the new one still appears better
